YAKIMA, Wash.–Solarity Credit Union said it is now offering its members eSigning Experience when closing mortgages.
Fresh Today
MIAMI—A 17-count indictment has been unsealed in federal court in Miami charging Paul E. Vernon, 48, the founder, operator and CEO of Project Investors Inc., which has been doing business as Cryptsy, with criminal violations for his involvement in what the Department of Justice described as a sophisticated theft scheme involving his cryptocurrency exchange.
DUBLIN, Ireland–An enormous deficit has been discovered in the pension fund that covers thousands of credit union employees in this country.
WASHINGTON–The House has passed the credit union-supported SAFE Banking Act.
WASHINGTON–The new jobs report from the Labor Department crushed the forecast from many economists after 467,000 jobs were added in January.
CHICAGO–With consumer credit performance maintaining healthy levels across auto, credit card, personal loans and mortgages, lenders continued to ramp up new account origination growth in the non-prime segment of the market near the end of 2021, according to a new report from TransUnion.
WASHINGTON—During its meeting this week the Financial Accounting Standards Board (FASB) unanimously voted to draft a final update eliminating troubled debt restructuring (TDR) accounting guidance for creditors who have adopted the current expected credit loss (CECL) standard, with an effective date of Dec. 15, 2022.
WASHINGTON—NAFCU, CUNA and several trade associations have sent a letter to the Federal Reserve citing concerns around interchange and expressing support for the board’s proposal to extend, without revision, current recordkeeping procedures associated with Regulation II—which covers debit card interchange fees and network routing exclusivity.
WASHINGTON—NAFCU has written a new letter in support of including the Secure and Fair Enforcement (SAFE) Banking Act as an amendment to the America COMPETES Act as the House considers the package.
NEWPORT, R.I.–People’s Credit Union has kicked off a year of activities to celebrate its 100th anniversary, including a number of new partnerships and the creation of a community time capsule.